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202207.1 - Determining a client's total superannuation balance is not as simple as it sounds..

Determining a client's total superannuation balance is not as simple as it sounds.

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Which of the following is an individual’s total superannuation balance not relevant for? *This question is required.
Is the following statement true of false? “Personal injury or structured settlement contributions that have been paid into a member’s super fund does not affect the calculation of a member’s total superannuation balance”. *This question is required.
Which of the following retirement phase pensions uses the year end balance and not the TBA related credits and debits to determine an individual’s total superannuation balance? *This question is required.
In which of the following scenarios would the member need to report an outstanding LRBA loan balance that would increase their total superannuation balance? *This question is required.
Andrew has all of his superannuation in an SMSF, in accumulation. At 30 June 2022 his accumulation balance is reported in the annual financial statements at $505,362. However, the financial statements, whilst based on the market value of assets, does not take into consideration the capital gains tax that would be payable had the assets been disposed. A calculation determines the capital gains tax that would be payable to be $35,654. To be able to utilise catch-up carry forward unused concessional cap amounts, which of the following could Andrew do?
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